43
43
Jan 24, 2013
01/13
by
MSNBC
tv
eye 43
favorite 0
quote 0
for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has routinely voted to raise it, literally dozens of times. it's the way we have run the country and has been for generations. you may not like it, but we use debt financing. we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget surplus, remember that? but other than that, it happens as a matter of course. it is routine, but in 2010, the republicans decided they wouldn't do it anymore. and in the standoff, where they said they wouldn't do it again, even though it was done with presidents before them, they were not going to do it. the country could default on its debts, that was an economic disaster. check it out. this is job growth, month to month in the year 2011. during that time when it is weirdly suppressed, oh, yeah, it is the fight over the debt ceiling. so when you hear others say oh yeah, it shouldn't
for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has routinely voted to raise it, literally dozens of times. it's the way we have run the country and has been for generations. you may not like it, but we use debt financing. we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget...
130
130
Jan 26, 2013
01/13
by
KQED
tv
eye 130
favorite 0
quote 0
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where no tea party person was invited. how can they balls t
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see...
101
101
Jan 28, 2013
01/13
by
MSNBCW
tv
eye 101
favorite 0
quote 0
the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they haven't passed a budget in four years, even though we have a law that says we need a budget every year. we haven't seen any solutions offered by the president on how to get the budget balanced, pay down the debt, and no budget in four years. we need to figure out how to grow the economy, how to get opportunity. and if we have a debt crisis like they had in europe, everybody gets hurt. that's what we want to avoid. >> last week, senator schumer said, we'll do a budget. >> great. finally. it's been fou
the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and...
89
89
Jan 31, 2013
01/13
by
CSPAN2
tv
eye 89
favorite 0
quote 0
and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats about default on our debt and senior citizens won't get their social security check and our military folks won't get paid, all kinds of the most disruptive, most damaging and most dangerous kinds of outcomes are threatened by the administration. now, this is unnecessary, this isn't true, this isn't what would happen, but there is an incentive, of course, to try to scare and intimidate republicans into giving the administration the unconditional ability to just keep on borrowing and spending as they have been doing, and that's why we hear this. well, what my amen
and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats...
84
84
Jan 31, 2013
01/13
by
CSPAN2
tv
eye 84
favorite 0
quote 0
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
181
181
Jan 24, 2013
01/13
by
MSNBCW
tv
eye 181
favorite 0
quote 0
ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the house in 2014? we are looking at the numbers as they do, they lost -- the notion that they could get a balanced budget plan in ten years is basically poppy cock, and would you have to cut discretionary spending in half in order to do that. >> frank is also right. democrats will have to come to the table too. you have to ultimately balance the budget. you can'tco what we're doing no matter what side of the aisle you're on, and so, you know, whether you think the democrats take the house or whether the republicans keep the house, ultimately something has to happen, and by the way, i do expect the democrats will come to the table with something because i think if they don't, i think that the general public is actually much more in the middle than after the election results ultimately su
ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the house in 2014? we are looking at the numbers as they do, they lost -- the notion that they could get a balanced budget plan in ten years is basically poppy cock, and would you have to cut discretionary spending in half in order...
72
72
Jan 31, 2013
01/13
by
CSPAN2
tv
eye 72
favorite 0
quote 0
. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a p
. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea....
42
42
Jan 26, 2013
01/13
by
MSNBC
tv
eye 42
favorite 0
quote 0
it was a price house conservatives demanded for delaying the debt ceiling just by three months. so this is a deal that republicans made with their members just this week, a deal that will define our budget arguments over the next week. they made this deal, if you don't force us into a politically disastrous showdown, we'll do it with an equally disastrous budget deal. i don't understand what is happening in the republican party right now, but it is not good for them. joining me now, robert greenstein, a man who always understands exactly what is happening. bob, good to see you. >> good to see you, ezra. >> so i guess my question is how, how do you make the budget balance in ten years, and keep to all of these different promises? do you know budget -- you know budgets better than anybody i know, so how? >> so there are three things to start with, and you have already mentioned perhaps the most important. he will take advantage of the revenue increases from the fiscal cliff deal. the second thing is since ryan issued his budget a year ago, the congressional budget office who does
it was a price house conservatives demanded for delaying the debt ceiling just by three months. so this is a deal that republicans made with their members just this week, a deal that will define our budget arguments over the next week. they made this deal, if you don't force us into a politically disastrous showdown, we'll do it with an equally disastrous budget deal. i don't understand what is happening in the republican party right now, but it is not good for them. joining me now, robert...
99
99
Jan 26, 2013
01/13
by
CSPAN
tv
eye 99
favorite 0
quote 0
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt ceiling for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at h
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
122
122
Jan 26, 2013
01/13
by
CSPAN
tv
eye 122
favorite 0
quote 0
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
125
125
Jan 28, 2013
01/13
by
CSPAN2
tv
eye 125
favorite 0
quote 0
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he thought it was deeply unjust. and at first he wants -- he wanted congress to be able to ve
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give...
105
105
Jan 25, 2013
01/13
by
CNN
tv
eye 105
favorite 0
quote 0
he says haggling over the raising of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from playing. republican representative paul stan is helping to draft this legislation. he says welfare money should be used to help people survive, not for gambling. critics say everyone should be able to play. ♪ what's love got to do with it ♪ >> great song. >>> singing legend tina turner is saying good-bye to her u.s. citizenship and will soon be a citizen of switzerland. she is 73 years old. she moved to switzerland in 1995 with her long time partner and says she cannot imagine a better place to live. she needs at proval of the swiss federal authorities to make this official. >>> the vice president takes his
he says haggling over the raising of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from...